CONFERENCE COMMITTEE REP. NO.98-06
Honolulu, Hawaii
H.D. 1
S.D. 1
C.D. 1
Speaker, House of Representatives
Twenty-Third State Legislature
State of Hawaii
President of the Senate
Twenty-Third State Legislature
State of Hawaii
Sir:
Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 2412, H.D. 1, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO CONFORMITY OF THE HAWAII INCOME TAX LAW TO THE INTERNAL REVENUE CODE,"
having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.
The purpose of this bill is to conform the Hawaii income tax law to the Internal Revenue Code.
Your Committee on Conference has amended this bill by:
(1) Changing the effective date from July 1, 2050, to upon approval;
(2) Making the bill applicable to taxable years beginning after December 31, 2005, instead of December 31, 2050;
(3) Providing that section 235-2.45(h), Hawaii Revised Statutes, applies to contributions made between August 28, 2005, to December 31, 2005; and
(4) Making technical, nonsubstantive amendments for consistency, clarity, and style.
As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 2412, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 2412, H.D. 1, S.D. 1, C.D. 1.
Respectfully submitted on behalf of the managers:
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BRIAN T. TANIGUCHI, Chair |
DWIGHT TAKAMINE, Chair |
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